View source for News/Gaming Stocks Fall as CCP Official Fired

{{News
|seo_title=Gaming Stocks Fall as CCP Official Fired
|seo_keywords=CCP
|image=Gaming.png
|tags=China
|date=2024-01-03T19:48:00.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/chinese-official-removed-following-stock-tumbles-from-new-game-proposals
|article=News/Gaming Stocks Fall as CCP Official Fired
}}{{NewsSource
|source=Reuters
|url=https://www.reuters.com/world/china/china-removes-official-after-video-games-rules-spark-turmoil-sources-2024-01-02/
|article=News/Gaming Stocks Fall as CCP Official Fired
}}
|author=Andura
|category=Drama
|content=Recent reports by Reuters revealed that after [[News/China Reveals New Limits|the recent proposal of rules aimed at restricting spending on video games]], China has reportedly removed Feng Shixin from his role as the head of the publishing unit within the Communist Party's Publicity Department. This department oversees the National Press and Publication Administration (NPPA), which plays a crucial role in regulating China's extensive video games sector. Following the announcement Tencent shares dropped 16%, and NetEase shares slumped 25%.
}}